Monday, June 28, 2010

Why Hai-O hits 7-month low ?

Hai-O Enterprise Bhd, a Malaysian seller of traditional healthcare products, fell the most in seven months in Kuala Lumpur trading after saying its fourth-quarter net income slid 9.8 per cent on lower sales.

The stock declined 6.1 per cent to RM3.87 at 9:39 am local time, set for its largest drop since November 25. -- Bloomberg

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